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15-17 The Terrace, Ocean Grove, VIC 3226, 0 Bedrooms, 0 Bathrooms, Section

$2,805,000 - $3,050,000

Guidance Price $2,805,000-$3,050,000View agent price guide

15-17 The Terrace, Ocean Grove, VIC 3226

1643m2
SectionListed on Wed Jul 17

Ocean Grove Prime Development Opportunity in Ocean Grove

Situated in a premier street close to the main township of Ocean Grove, this exceptional property spans two residential blocks on separate titles of 821 sqm (approx.) each, totalling a massive 1643 sqm (approx.) of prime coastal real estate. Each block is available to purchase individually or as a whole. Currently in use as a bowling green, forming part of the popular Ocean Grove Bowling Club opposite, this already-levelled land presents minimal knock-down requirements, offering an unmissable opportunity for investors, developers, and builders.

Impressively located close to the Barwon River, Ocean Grove surf beaches and the thriving coastal towns of Ocean Grove and Barwon Heads. Its raised position offers immense potential for sweeping views across the Barwon River to the Bluff and beyond. The property's substantial size allows for versatile residential development and the dual titles provide flexibility and ample space for innovative projects. Opportunity also exists for a continuation of the current leaseback arrangements.

Don't miss this unique and rare chance to transform a piece of Ocean Grove's sporting history into a prime residential complex.

Note: Price Guide is indicative of entire parcel.

Location

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Council Data

Design and DevelopmentYes

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Ocean Grove Primary School
0.52 km
Primary
Prep-6
Government
icsea: 1101
Bellarine Secondary College-Ocean Grove Campus
2.39 km
Secondary
7-12
Government
icsea: 1002
Bellarine Secondary College
9.06 km
Secondary
7-12
Government
icsea: 1002

Property history

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Ocean Grove surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
71 Shell Road, Ocean Grove
0.55 km
3
1
-m2
Year 2024 Month 12 Day 09
$730,000
Council approved
34 Woodlands Drive, Ocean Grove
0.58 km
4
2
-m2
Year 2024 Month 10 Day 03
-
Council approved
19 Evergreen Circuit, Ocean Grove
0.57 km
4
2
-m2
Year 2024 Month 09 Day 18
$900,000
Council approved
70-72 Coolamon Close, Ocean Grove
0.23 km
3
2
-m2
Year 2024 Month 09 Day 06
-
Council approved
19 Greenview Rise, Ocean Grove
0.65 km
3
2
-m2
Year 2024 Month 09 Day 01
$700,000
Council approved

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Ref:hly_166_1545647Last update:2024-12-02 11:19:41